China Commercial Tableware Services Market Size & Outlook
China commercial tableware services market, 2016-2028 (US$M)
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China commercial tableware services market highlights
- The China commercial tableware services market generated a revenue of USD 1,175.7 million in 2020 and is expected to reach USD 1,820.0 million by 2028.
- The China market is expected to grow at a CAGR of 5.6% from 2021 to 2028.
- In terms of segment, dinnerware was the largest revenue generating product in 2020.
- Dinnerware is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial tableware services market data book summary
| Market revenue in 2020 | USD 1,175.7 million |
| Market revenue in 2028 | USD 1,820.0 million |
| Growth rate | 5.6% (CAGR from 2020 to 2028) |
| Largest segment | Dinnerware |
| Fastest growing segment | Dinnerware |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dinnerware, Cutlery |
| Key market players worldwide | Cardinal Health Inc, Fiskars Oyj, Villeroy & Boch AG Vorz-Inhaber-Akt stimmrechtslos, Pigeon Corp, Victorinox, Steelite International, Libbey, Royal Doulton, Denby Pottery Company, Gibson Overseas, Republic Plastics, L'Oreal SA, Boscia, Churchill China plc |
Other key industry trends
- In terms of revenue, China accounted for 15.3% of the global commercial tableware services market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China commercial tableware services market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 964.7 million by 2028.
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Commercial Tableware Services Market Scope
Commercial Tableware Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China commercial tableware services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial tableware services market will help companies and investors design strategic landscapes.
Dinnerware was the largest segment with a revenue share of 58.25% in 2020. Horizon Databook has segmented the China commercial tableware services market based on dinnerware, cutlery covering the revenue growth of each sub-segment from 2016 to 2028.
Factors such as increasing penetration of commercial tableware products, along with the expanding hospitality sector in the country, will fuel market growth in China.
The presence of a large number of manufacturers of tabletop products in China is another factor boosting market growth. China had 1,062 projects of new hotel construction under operation in 2019. The significant growth of the hospitality sector in the country will contribute to the demand for tableware products in China.
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Target buyers of China commercial tableware services market databook
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Our clientele includes a mix of commercial tableware services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China commercial tableware services market, including forecasts for subscribers. This country databook contains high-level insights into China commercial tableware services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China commercial tableware services market report size, by product, 2016-2028 (US$M)
China Commercial Tableware Services Market Share, 2020 & 2028 (US$M)
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